Summer Company provided the following account balances on December 31, 2017:
Account receivable	400,000
Advance to officers-not currently collectible	100,000
Sinking fund	400,000
Building	5,000,000
Long-term refundable deposit	50,000
Cash and cash equivalent	500,000
Cash surrender value	60,000
equipment	1,000,000
Lease rights	100,000
Accrued interest in note receivable	10,000
Inventories	1,300,000
Land	1,500,000
Land held for speculation	500,000
Note receivable	250,000
Computer software	3,250,000
Prepaid expense	70,000
Trading securities	280,000
Unearned rent income	40,000
Retained earning (deficit)	(1,800,000)
Share premium-preference	500,000
Premium on bonds payable	1,000,000
Preference share capital	2,000,000
Share premium-ordinary	200,000
Note payable	300,000
Withholding tax payable	10,000
Account payable	400,000
Accrued salaries payable	100,000
Accumulated depreciation-building	2,000,000
Accumulated depreciation-equipment	200,000
Allowance for doubtful account	20,000
Bonds payable	5,000,000
Dividend payable	120,000
Ordinary share capital	5,000,000
Accrued salaries payable	30,000
Preference share redemption fund	350,000
Required:
Prepare a properly classified statement of financial position on December 31, 2017